Global HVAC Controls Market will grow to US$15.571 billion by 2021, from US$9.312 billion in 2015, at a CAGR of 8.95% over the forecast period. Falling prices of sensors and advancement in HVAC control systems technologies are fuelling the growth of this market. Factors such as excessive energy consumption, growing demand for improved energy-efficient sustainable devices and supportive government initiatives and policies boost the demand for HVAC Controls systems worldwide. Rising construction o Read more...
The HVAC Equipment Market is projected to grow at a CAGR of 5.66% to reach US$162.123 billion in 2025 from US$116.515 billion in 2019. The heating, ventilation and air conditioning (HVAC) equipment is a facility or a system installed in buildings, both commercial and residential, to provide environmental comfort to the people inside that space by changing the temperature or quality of the air. It can also control humidity by monitoring and controlling movement and dispersion of air Read more...
The heat pumps market is anticipated to grow at a CAGR of 6.04% during the forecast period to reach a total market size of US$70.319 billion by 2025, increasing from US$49.463 billion in 2019. Heat pumps are designed to move heat from a colder place to warm, with the help of electricity. Regions where heating and cooling needs are moderate, these pumps are efficient alternatives to furnaces and air conditioners. Increasing investment in both the commercial and residential sector is expect Read more...
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